Vaccine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Vaccine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A2374
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Market Overview:

The global vaccine market size reached US$ 49.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 88.8 Billion by 2028, exhibiting a growth rate (CAGR) of 10.3% during 2023-2028.

From a public health perspective, vaccines represent among the most important inventions in human history. A vaccine refers to a biological component that stimulates the production of antibodies against several pathogens present in the body. It is generally produced by using disease-causing agents and chemical drugs that act as antigens in disease prevention. Vaccines are primarily available in the form of conjugate vaccines, inactivated vaccines, live attenuated vaccines, recombinant vaccines, and toxoid vaccines. They help in preventing various life-threatening diseases, including measles, polio, diphtheria, meningitis, influenza, tetanus, rotavirus, hepatitis, etc. As a result, vaccines are widely adopted for several immunization procedures, across hospitals, clinics, and vaccination centers, and for research purposes in academic and clinical laboratories.

 

 
 

 

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The high prevalence of several infectious diseases is primarily driving the demand for vaccines. The growing consumer awareness towards effective immunization for eradicating various infections is further catalyzing the market growth. Moreover, the introduction of several vaccination programs by governments across various endemic regions is also propelling the demand for vaccines. Additionally, the market is also driven by the growing number of child deaths due to various infectious diseases, such as hepatitis, polio, measles, rubella, etc., particularly across the under-developed countries. The increasing involvement of several global organizations, such as the WHO, UNICEF, World Bank, Bill & Melinda Gates Foundation, etc. for developing adequate vaccination facilities in the endemic regions, is further catalyzing the product demand. Several pharmaceutical companies are focusing on the development of new and improved vaccines by accelerating the clinical trials of various pipeline drugs. Extensive R&D activities pertaining to the immunization of several fatal diseases, such as AIDS, Ebola, Hepatitis C, paratyphoid fever, etc., are also expected to fuel the market growth. The outbreak of the COVID-19 pandemic, leading to around half a million global deaths (as of June 2020), is currently creating opportunities for a novel vaccine against COVID-19.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global vaccine market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on technology, patient type, indication, route of administration, product type, treatment type, end user, and distribution channel.

Breakup by Technology:

 

 
 

 

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  • Conjugate Vaccines
  • Inactivated and Subunit Vaccines
  • Live Attenuated Vaccines
  • Recombinant Vaccines
  • Toxoid Vaccines
  • Others
     

Breakup by Patient Type:

  • Paediatric
  • Adult
     

Breakup by Indication:

  • Bacterial Diseases
    • Meningococcal Disease
    • Pneumococcal Disease
    • Diphtheria/Tetanus/Pertussis (DPT)
    • Tuberculosis
    • Haemophilus Influenzae (Hib)
    • Typhoid
    • Others
  • Viral Diseases
    • Hepatitis
    • Influenza
    • Human Papillomavirus (HPV)
    • Measles/Mumps/Rubella (MMR)
    • Rotavirus
    • Herpes Zoster
    • Varicella
    • Japanese Encephalitis
    • Rubella
    • Polio
    • Rabies
    • Dengue
    • Others
       

Breakup by Route of Administration:

  • Intramuscular and Subcutaneous Administration
  • Oral Administration
  • Others
     

Breakup by Product Type:

  • Multivalent Vaccine
  • Monovalent Vaccine
     

Breakup by Treatment Type:

  • Preventive Vaccine
  • Therapeutic Vaccine
     

Breakup by End User:

  • Hospitals
  • Clinics
  • Vaccination Centres
  • Academic and Research Institutes
  • Others
     

Breakup by Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Institutional Sales
  • Others
     

Breakup by Region:

 

 
 

 

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  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
    • Turkey
    • GCC Countries
    • Israel
    • Others
       

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Abbott Laboratories, Astellas Pharma Inc., AstraZeneca Plc, Bharat Biotech International, Bavarian Nordic A/S, CSL Limited, Daiichi Sankyo Company Limited, Emergent BioSolutions Inc., GlaxoSmithKline Plc, Inovio Pharmaceuticals Inc., Johnson & Johnson, Merck & Co. Inc., Mitsubishi Tanabe Pharma Corporation (Mitsubishi Chemical Holdings Corporation), Novavax Inc., Panacea Biotec Ltd., Pfizer Inc., Sanofi Pasteur SA (Sanofi SA), Serum Institute of India Pvt. Ltd. and Takeda Pharmaceutical Company Limited.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Technology, Patient Type, Indication, Route of Administration, Product Type, Treatment Type, End User, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Brazil, Mexico, Turkey, GCC Countries, Israel
Companies Covered Abbott Laboratories, Astellas Pharma Inc., AstraZeneca Plc, Bharat Biotech International, Bavarian Nordic A/S, CSL Limited, Daiichi Sankyo Company Limited, Emergent BioSolutions Inc., GlaxoSmithKline Plc, Inovio Pharmaceuticals Inc., Johnson & Johnson, Merck & Co. Inc., Mitsubishi Tanabe Pharma Corporation (Mitsubishi Chemical Holdings Corporation), Novavax Inc., Panacea Biotec Ltd., Pfizer Inc., Sanofi Pasteur SA (Sanofi SA), Serum Institute of India Pvt. Ltd. and Takeda Pharmaceutical Company Limited
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Vaccine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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